Lamar Advertising (NASDAQ:LAMR) reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Lamar Advertising missed estimated earnings by 8.64%, reporting an EPS of $0.74 versus an estimate of $0.81.
Revenue was up $19.94 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.64 which was followed by a 2.73% drop in the share price the next day.
Here’s a look at Lamar Advertising’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.29 | 1.39 | 1.27 | 0.72 |
| EPS Actual | 0.65 | 1.44 | 1.32 | 0.91 |
| Revenue Estimate | 542.00M | 520.00M | 490.00M | 427.21M |
| Revenue Actual | 535.51M | 527.39M | 517.85M | 451.39M |
To track all earnings releases for Lamar Advertising visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
